How to pay the National Debt in America?

Nobody likes more taxes, elections are based on who promises more taxes cuts, but The Outstanding USA Public Debt as of 22 Oct 2008 is 10+ trillions ($10,470,000,000,000). That means each citizen's share of this debt is approx $34,330 and growing fast.





Are we living in a dream?


Who is going to pay all this debt? When? And how?




How to pay the National Debt in America?
Oddly, $34,330 is about an 'average' yearly income for a majority of Americans. One years pay...that's a lot of moola. What to do? Several things all at one time.


End these two wars so we can stop borrowing money to pay for them. When these wars started it was suggested that a war tax be levied on all sales......everyone would have to chip in a little. Instead the corporations got massive tax cuts...cuts that required borrowing to conduct these wars. The cuts were supposed to create an investment pool.....what happened is that corporations invested in overseas production. That should have been brought to a screeching halt on day one. These tax cuts were supposed to create productive jobs.....do you see any jobs? Let's be real.....the American wage earner has been screwed and what's worse, the GOP weasels are now suggesting even more tax cut for the corporations that screwed us the first time. To get this right we need a democratic congress, president and even Supreme Court. We need to return to the tax situation that existed in the Clinton administration and a national war sales tax to start paying down the debt. Instead of funding these wars we need to fund massive public works projects to put people to work. If the democrats get a clean sweep there's a chance we can pull out of this nose dive in time. Another four years of GOP politics means an actual crash and burn for millions of American wage-earners.
Reply:Well it's simple you can't pay debt when you keep making it. Also you can't pay debt when companies and CEO's only care about self and not about the factory worker, the sales person, and etc. They only care about self about how they can prosper.





The problem of the United States is when someone prospers, they keep that prosperity to themselves instead of bringing someone else along with them.





Every successful person should always have a successor. It does no good to be successful in life and don't bother to pass those traits along to someone else.
Reply:This will likely never be paid off. However, we DO need to balance the budget. The ONLY way to balance the budget is to CUT taxes AND CUT spending.





That is McCain's plan.





Obama wants to INCREASE taxes across the board and increase spending by almost a trillion dollars.





Rev. Charles....that is very odd considering that everyone I know who is a business owner is a mentor to, at the very least, one person. And all of them are happy to share their "secrets" to success. I do not find what you say real EVER.





FT...I once said that he was not a piece of crap...I guess I owe a dollar.
Reply:haha... I'd say we get what we have payed for... there are so many people who lived outside of their means... but who cares it's America....people will rely on their house as their biggest asset... then when they are living the high life, they don't worry and prepare for the future, ie the housing bubble.





right now the only thing that can help us is.... wait...taxes... exactly what every American hates. And the government cutting back programs and spending. Americans are in for a rude awakening...
Reply:We need to cut spending in the national budget and get a surplus in the national budget every year.


Though cutting down on spending and getting a surplus in the national budget each year won't be easy since the legislature controls the purse strings.
Reply:Start by not promising tax cuts, only spending cuts. The first sob that walks up and says I am not going to give you a damn thing but what is offered to you by the constitution gets my vote. No tax cuts or credits, no stimulus or bailouts. Just the goddamn truth!
Reply:I think everyone who repeated a lie about Obama should donate $1 for each lie they spoke.. The national debt would be over in 2 days!
Reply:WORK, -as though the Future depends on it...-Because it DOES, if America is to HAVE any Future... :0
Reply:YOU, ME, EVERYBODY! VOTE MCCAIN.
Reply:print more money.
Reply:Not by giving jobs to aliens and we need to create our own energy (drill baby drill). AND not by bailouts!